Change to Franchise Agreement

Flybe PLC

Flybe announces that, following a failure to agree future operational standards and commercial arrangements, its franchise agreement with Loganair to fly under the Flybe brand has been terminated with effect from August 2017. The resulting change in operations to part of Flybe's route network in Scotland is not expected to have a material impact on profits of the Group.

Simon Laffin, Executive Chairman, said;

"Scotland is very important to Flybe, and we want to ensure that we serve our customers there to the highest standards, whilst delivering a return to our shareholders. We shall announce our plans on continuing to serve Scotland in due course. In the meantime our customers can travel and book tickets exactly as before, while any new arrangements will be put in place from September 2017 onwards."

ENDS